American Journal of Food Science and Health
Articles Information
American Journal of Food Science and Health, Vol.2, No.6, Dec. 2016, Pub. Date: Nov. 2, 2016
Malthus Meets Solow in an Endogenous Growth Model
Pages: 141-150 Views: 670 Downloads: 251
Authors
[01] Diana Loubaki, Department of Economics, Center of Development Economics and Growth Sustainability, Clamart, France.
Abstract
This article investigates first, in how far disease such that HIV/AIDS, the 2008 food crisis consequences and poverty reduction in Africa may validate Malthus population growth theory. Second, if the observed high growth rates in emerging countries may validate Solow growth model consequences that fail to be proved empirically until now. Using an endogenous growth model, we find that, Malthus may be validated if sustainable actions are not conducted in poor countries in order to ensure a balanced population growth rate. Solow is validated specifically in emerging countries as shown by data observations i.e their growth rates are higher than in Western countries. Moreover, emerging countries exports have oriented monetary policies and contributed to the 2008 financial crisis in developed world. The intercept of the both thoughts yields the necessity for technology to be improved through research and development for sustainable development to be reached.
Keywords
Population Growth, HIV/AIDS, Marginal Capital Returns Productivity, Food, Relative Labor Efficiency, Growth, Development, R&D
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